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Dublin start up raises $20m for expansion

Gerry Moroney, the CEO of Clavis Insight, said that it offered the industry standard in ecommerce analytics

The Irish tech start-up Clavis Insight has raised $20 million to fund an international expansion.

The company has been backed by Accel-KKR, a technology focused private equity investment firm, and existing investors.

Founded in Dublin in 2008, the company has developed a system that provides analytics to online retailers. The investment will be used to expand Clavis’s sales and customer support efforts in the United States, Europe and China.

Before the Accel-KKR deal, Clavis had previously raised about $5 million from investors including Delta Partners and the entrepreneur Brian Caulfield.

Clavis, which is headquartered in Dublin, has offices in Shanghai and Massachusetts. It said yesterday that its system is used by the world’s top 10 consumer packaged goods companies and half of the top 100…

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